If you were applying modernization theory to the problem of global poverty, you might expect rich nations to aid the economic development of poor nations by

1. the responsibilities of the u.s. federal reserve system include overseeing the banking system and regulating the quantity of money in the economy setting the level of real interest rates working with congress to devise a financial plan for the country and execute the president's orders calculating and reporting the unemployment rate 2. to increase the supply of money when the economy is weak, the fed closes banks reduces inflation sells bonds buys bonds 3. the federal funds rate is the short-term interest rate that banks charge their best customers when borrowing banks earn on savings accounts with the fed banks charge each other when borrowing or lending to each other the fed charges banks when borrowing 4. when the fed increases the money supply and consequently lowers interest rates, the value of the dollar will rise by more in the market for foreign exchange, all else equal will fall, all else equal is not impacted by fed policy will rise, all else equal

Read the aphorisms. be slow in choosing a friend, slower in changing. an open foe may prove a curse; but a pretended friend is worse. a true friend is the best possession. according to these aphorisms from benjamin franklin's poor richard's almanack, what might happen if a person is careless in choosing a friend? it is best not to have friends because they will usually betray you. casual friends are often the best and can be more trusted than enemies. a person who has betrayed you can sometimes become a good friend. a friend who is not carefully chosen can be worse than an enemy.

11. why do citizens have to register to vote?